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Oil N' Gold Focus Reports
USD Fell against Major Currencies ahead of FOMC Meeting Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jan 31 17 22:29 ET
Financial markets continued to unwind the reflation trades hinging on Trump's pro-growth policy. Besides concerns over the uncertainty amidst immigration ban and the new trade policy, investors have turned more cautious ahead of the FOMC meeting.
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Risk Assets Fell on Concerns that US Immigration Ban might affect Trade and Growth Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Jan 31 17 01:30 ET
With most of Asian financial markets closed, the focus stayed in the US, or more specifically on Trump's immigration policy. Wall Street retreated further with DJIA and S&P 500 indices losing -0.61% and -0.6% respectively. Sectors such as energy, industrials, materials and financial, which had been boosted by Trump pro-growth platform, weighed on the market with losses of around 1-2%.
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Trump's Immigration Policy Weighs on Sentiment Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Jan 30 17 01:33 ET
Most financial markets in Asia were closed on Monday for Lunar New Year holidays. For those continuing trading (such as Japan and Australia), shares were mildly softer, carrying forward the sentiment in the US last Friday.
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JPY Plunges as BOJ Adds Bond Buying Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Jan 27 17 02:02 ET
Japanese yen slumped as BOJ announced to extend asset purchases. USDJPY rose to a 5-day high of 115.02, while Japanese bonds also climbed higher, at the time of writing report. Wall Street consolidated after DJIA breached 20 000 for the first time a day ago.
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Trump's Infrastructural Proposals Sent DJIA above 20000 Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jan 26 17 00:38 ET
DJIA settled above 20000 for the first time as the market expected US president Donald Trump would gradually implement the pro-growth policies he promised. Sentiment was also lifted by encouraging earnings reports. The S&P 500 index also soared to a record high of 2299.6 before settling at 2298.37, up +0.8%.
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Supreme Court's Brexit Ruling Buoyed Sentiment Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Jan 25 17 00:16 ET
Market sentiment was buoyed by UK Supreme Court's ruling that the parliament must vote on triggering Brexit. GBPUSD was volatile but was able to end the day at around the highest level in a month. EURGBP extended weakness for a second day, falling to the lowest level in 2 weeks. Equities were modestly higher in general.
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Market Cautious as Trump Undoes Obama's Legacy Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Jan 23 17 23:38 ET
Investors have turned more cautious as more of Donald Trump's policies are gradually reveals following his inauguration. Wall Street dropped modestly, with DJIA and S&P 500 indices losing -0.14% and -0.27% respectively. US dollar softened and Treasuries strengthened (yields lower).
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USD Slid as Rate Hike Hopes Diminished after Trump's Inauguration Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Jan 22 17 23:02 ET
Financial markets generally steadied after Donald Trump has sworn in. US dollar slipped in response to the president's previous comment that it has been too strong. At the inauguration ceremony, Trump emphasized his America First stance. Yet, he stopped short of offering more details of his plans.
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Weekly Fundamentals - Trump's America First Energy Policy Shakes Oil Market Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Jan 22 17 05:18 ET
An America led by Donald Trump signals a paradigm shift for the oil market. His recent criticism over Republicans' proposed border adjustment tax plan has already shaken oil trades. At an interview with Wall Street Journal, Trump described the plan, which aims to tax imports and exempt exports, as "too complicated".
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Dovish ECB and Positve US Data Weighed on Euro Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Jan 20 17 01:53 ET
EURUSD fell to a 3-day low as ECB maintained a dovish stance. Meanwhile, positive US data helped widened US-EZ yield spreads. Stock markets were mixed. Wall Street fell as driven by financial and healthcare shares. Investors held their breath as they monitored the confirmation hearing of the nominee for Treasury Secretary Steve Mnuchin
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Crude Oil Prices Fell amidst Increases in US Inventory and Output Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Jan 19 17 01:04 ET
Crude oil prices declined as US inventory increased across the board. Meanwhile, the market focused on rising US shale production and Russian output. The front-month WTI crude oil contract fell -2.67% while the Brent crude contract was down -2.79. Refined oil products also dropped
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